Singapore was the United States’ 14th largest goods export market in 2020.The top export categories (2-digit HS) in 2020 were: machinery ($5.1 billion), electrical machinery ($4.1 billion), aircraft ($3.5 billion), optical and medical instruments ($2.9 billion), and mineral fuels ($2.5 billion).
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What do we import from Singapore?
Major imports are machinery and transport equipment and crude petroleum, while machinery and refined petroleum products are the major exports. China, the United States, Indonesia, Malaysia, and Japan are Singapore’s principal trading partners.
Who has the most exports to the US?
Year-to-Date Exports
| Rank | Country | Percent of Total Exports |
|---|---|---|
| — | Total, All Countries | 100.0% |
| — | Total, Top 15 Countries | 75.0% |
| 1 | Canada | 17.6% |
| 2 | Mexico | 16.0% |
What does US buy from Singapore?
| United States Imports from Singapore | Value | Year |
|---|---|---|
| Pearls, precious stones, metals, coins | $5.58B | 2020 |
| Pharmaceutical products | $4.31B | 2020 |
| Machinery, nuclear reactors, boilers | $3.95B | 2020 |
| Optical, photo, technical, medical apparatus | $3.61B | 2020 |
What is the major export of Singapore?
machinery
Singapore derives most of its revenues from foreign trade. The biggest export product, with 43 percent share, is machinery and equipment. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent).
Is Singapore a US ally?
U.S.-SINGAPORE RELATIONS
For more than 55 years, the United States and Singapore have forged an expansive and enduring relationship based on mutual economic interests, robust security and defense cooperation, and enduring people-to-people ties.
What countries does Singapore export to?
In 2018, Singapore major trading partner countries for exports were China, Hong Kong, China, Malaysia, Indonesia and United States and for imports they were China, Malaysia, United States, Other Asia, nes and Japan.
What is the US biggest import?
Searchable List of America’s Most Valuable Import Products
| Rank | US Import Product | 2020 Value (US$) |
|---|---|---|
| 1 | Cars | $145,659,382,000 |
| 2 | Computers, optical readers | $104,948,207,000 |
| 3 | Phone system devices including smartphones | $102,547,452,000 |
| 4 | Medication mixes in dosage | $95,175,568,000 |
What is America’s number one export?
Searchable List of America’s Most Valuable Export Products
| Rank | US Export Product | 2020 Value (US$) |
|---|---|---|
| 1 | Processed petroleum oils | $60,709,450,000 |
| 2 | Crude oil | $50,285,962,000 |
| 3 | Cars | $45,642,596,000 |
| 4 | Integrated circuits/microassemblies | $44,212,664,000 |
What are the five leading exports that leave the United States?
America’s Top 10 Exports
- Machinery – $206 billion.
- Electronic equipment (including computers) – $170 billion.
- Spacecraft and aircraft – $131 billion.
- Cars – $127 billion.
- Petroleum – $106 billion.
- Medical equipment – $83 billion.
- Plastics – $60 billion.
- Gems, precious metals, and coins – $58 billion.
What does Singapore import and export?
Economy of Singapore
| Statistics | |
|---|---|
| Export goods | Machinery and equipment Electronics and telecommunications Pharmaceuticals and other chemicals Refined petroleum products Chemical products |
| Main export partners | Hong Kong 13.67% China 11.21% Malaysia 9.43% United States 8.45% Indonesia 7.72% (2018) |
| Imports | US$533 billion (2019) |
Does Singapore have free trade agreement with USA?
The U.S.-Singapore Free Trade Agreement (FTA) has helped increase U.S. exports, improve U.S. competitiveness around the globe, and secure a U.S. presence in Southeast Asia. It also provides a standard of free trade that encourages a high level of liberalization.
Who is Singapore biggest trading partner?
Singapore top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| China | 51,619 | 13.22 |
| Hong Kong, China | 44,377 | 11.37 |
| Malaysia | 41,152 | 10.54 |
| United States | 34,401 | 8.81 |
What machinery does Singapore export?
Exports of commodity group 85 “Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles” amounted to 35% of total exports from Singapore (cumulative merchandise exports from Singapore totalled
Who does Singapore import from?
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| Singapore Imports By Country | Value | Year |
|---|---|---|
| China | $47.53B | 2020 |
| Malaysia | $41.87B | 2020 |
| United States | $35.19B | 2020 |
| Japan | $18.14B | 2020 |
What food does Singapore export?
Top exports of processed foods to Singapore in 2020 included:
- Fats And Oils.
- Food Preparations & Ingredients.
- Processed/Prepared Dairy Products.
- Processed Vegetables & Pulses.
- Snack Foods.
- Alcoholic Beverages.
- Chocolate And Confectionery.
Does the US protect Singapore?
Singapore has long standing military relations with the United States.On September 23, 2019, Prime Minister Lee Hsien Loong and US President Donald Trump renewed a key defence pact which allows American forces to use Singapore’s air and naval bases, extending it by another 15 years to 2035.
Does Singapore like China?
Singapore and China have maintained a long-standing and greatly prioritised close relationship, and partly because of the latter’s growing influence and essentiality in the Asia-Pacific region, specifying that “its common interest with China is far greater than any differences”.
What country does Singapore belong to?
Singapore gained self-governance in 1959 and in 1963 became part of the new federation of Malaysia, alongside Malaya, North Borneo, and Sarawak. Ideological differences led to Singapore being expelled from the federation two years later and it became an independent country.
What is manufactured in Singapore?
MANUFACTURING INDUSTRIES
- AEROSPACE. Singapore’s aerospace industry boasts one of Asia’s largest and most diverse eco-systems with over 130 aerospace players and a growing satellite industry with more than 30 firms.
- PRECISION ENGINEERING.
- ELECTRONICS.
- ENERGY & CHEMICALS.
- Marine & Offshore.
Why does Singapore import?
Overview. Although Singapore manufactures food products for exports to the neighboring countries, most of the ingredients have to be imported. In an attempt to diversify exports the government promotes import, improvement and re-export of many food products to other Asian markets.
